The Minister of Justice and Minister of State for Housing Affairs, Faleh Al-Rakba, has recently issued a significant ministerial decision along with its accompanying executive regulations, aimed at promoting the establishment of companies dedicated to developing cities or residential areas as part of their economic development initiatives. This decision, which had previously been sanctioned by the National Assembly in its inaugural session, has now been officially published in the Official Gazette, as reported by Al-Rai daily.
According to a press statement by the Public Authority for Housing Welfare (PAHW), the ministerial decision outlines a series of steps aimed at realizing the provisions outlined in the law, in compliance with Article 39, which mandates the issuance of executive regulations by the competent minister.
The PAHW emphasized that the new regulations provide a framework for collaboration and partnership with the private sector, with the objective of translating the law into tangible projects that contribute to residential development, aligning with the development visions and plans of the Council of Ministers.
The regulations, consisting of 16 chapters and 84 legal articles, cover the implementation mechanism for residential projects, whether in the form of a city or a region. They are set to take immediate effect upon publication in the Official Gazette, encompassing the entire project lifecycle, from conceptualization and presentation to the selection of winning investors and the establishment of public joint-stock companies, as applicable.
Furthermore, the regulations meticulously address project execution, quality, and work items, ensuring the rights of those entitled to housing care and beneficiaries. They also outline the duties and obligations of the company in operating, managing, and maintaining the project throughout the contract period.
Additionally, the regulations incorporate procedures for re-introducing projects after the expiry of the contract period for benefiting companies, along with the regulation of building codes and the issuance of corresponding licenses.
The sources emphasized that the regulations empower the central institution to implement and launch projects using a dedicated framework for housing initiatives. This is expected to expand the array of residential care units provided by the state to citizens through collaborative efforts with the private sector.
These new regulations mark a significant step towards the development of cities and residential areas in Kuwait. By providing a clear framework for collaboration between the public and private sectors, the government aims to ensure the successful implementation of projects that contribute to the growth and progress of the country.
With the immediate effect of these regulations, investors and developers can now confidently engage in the process of conceptualizing and presenting residential projects, knowing that there is a comprehensive set of guidelines to follow. The regulations also prioritize the rights of individuals entitled to housing care and beneficiaries, ensuring that their needs are met throughout the project’s lifecycle.
Furthermore, the regulations address the importance of maintaining quality standards and outline the responsibilities of the company in charge of operating and managing the project. This not only ensures the satisfaction of residents but also contributes to the overall success and longevity of the development.
Moreover, the regulations include provisions for reintroducing projects after the contract period for benefiting companies expires. This demonstrates the government’s commitment to long-term sustainability and the continuous improvement of residential areas.
By empowering the central institution to implement and launch projects, the regulations enable the government to expand the range of residential care units available to citizens. This collaborative approach between the public and private sectors will not only enhance the quality of housing but also contribute to the economic development of the country.
Overall, these new regulations are a significant milestone in the development of cities and residential areas in Kuwait. They provide a clear framework for collaboration, ensure the rights of individuals entitled to housing care, and promote the growth and progress of the country. With these regulations in place, Kuwait is well-positioned to embark on a new era of sustainable and inclusive urban development.
Source: TimesKuwait
